Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits. The changes will take effect with new applications beginning September 5, 2019. Thanks to the increased limits, more first-time…
Who Qualifies for a VHDA Loan? Purchasing a home is a big life achievement for many people. That’s because it takes plenty of time and saving to be able to afford a down payment. Luckily, there are plenty of government…
Being told that your mortgage was declined can leave you feeling disheartened. While it may be frustrating, it can be an important learning experience for you as a homebuyer. Mortgages can be declined for a number of reasons, but once…
Before beginning the home search, talking with a lender is a crucial move. Not only will you know the exact amount of home you can afford, but you’ll also have all your necessary documents in order, which gives you an…
If you are looking to make some renovations or even build your dream home from the ground up, then you may want to know about construction loans. Construction loans are great financing solutions that provide homeowners with the tools and…
When you get a mortgage, there is much to consider. One of the biggest decisions a borrower will make is whether to choose a fixed-rate mortgage, or an adjustable-rate mortgage (ARM). While both loans have their benefits, you should begin…
If you’re looking to purchase your first home, you could begin the process by applying for a Mortgage Credit Certificate (MCC) and possibly saving thousands of dollars. A helpful non-profit to familiarize yourself with if you are searching for a…
For many homebuyers, buying a home can be a huge burden. If you’re a first-time homebuyer, this milestone can be an especially stressful and overwhelming time. Fortunately, with help from the right lender, you can navigate the road to homeownership…
Are you a homebuyer trying to figure out how much you should put down on your house? Buying a house can be overwhelming, and making your down payment can be especially stressful if you don’t have all the correct information.…
The most important factor in your mortgage may be the interest rate. The rate you pay on your mortgage will decide your monthly mortgage payment, as well as the total lifetime cost of your mortgage. Getting the best rate is…